Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    HONOR HIGHWAY Interlochen, MI 49643

    View on Map
    Claim this Listing
    New
    For Sale
    $70,000

    land - INTERLOCHEN, MI

    Lot size:
    2.50 Acres
    Added:
    May 2, 2026
    Days on Market:
    1
    Last Refresh:
    May 2 at 11:06 pm

    Property Features for HONOR HIGHWAY

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Schmidt

    Listing agent Joseph Schmidt

    Listing office Schmidt Realtors 402 East Front Street, MI

    Listing date May 2, 2026

    MLS# 1942572 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    2.5 Acre Lot in Interlochen

    This 2.5-acre lot, located on Honor Highway just into Benzie County, presents a great opportunity. The property features mature red pines and offers access to amenities such as natural gas, electricity, Wi-Fi, and cable TV. The level building site is expected to have no problem perking. While currently zoned for residential use, rezoning for commercial purposes may be possible, pending approval from the zoning administrator. Situated back from the highway, the lot provides a peaceful environment with abundant wildlife. The property is suitable for building a dream home, with the restriction that singlewide homes are not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Interlochen
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.926685
    Latitude
    44.666649

    Nearby Similar for Sale

    • $64,000

      Interlochen Land with Creek Frontage

      2.92 acre Interlochen parcel with 200' Kinney Creek frontage.
      Parcel D N Carmean Road, Interlochen, MI 49643
      View Details
    • $70,000

      2.5 Acre Lot in Interlochen

      2.5 acre lot with utilities near Honor Highway.
      HONOR HIGHWAY, INTERLOCHEN, MI 49643
      View Details
    • $70,000

      2.72 Acre Lot in Interlochen

      2.72 acre lot with mature red pines.
      HONOR HIGHWAY, INTERLOCHEN, MI 49643
      View Details
    • $180,000

      Interlochen 10-Acre Wooded Parcel

      Beautiful 10-acre wooded parcel, perfect for building your dream home.
      000 Langs Lane, Interlochen, MI 49643
      View Details
    • $200,000

      21 Acres in Interlochen

      21 acres near lakes, trails, and Interlochen Center for Arts.
      9595 Mud Lake Road, Interlochen, MI 49643
      View Details
    • $35,000

      Roomy Wooded Lot in Interlochen

      Wooded 1.1 acre lot with utilities near Interlochen.
      #1 Old Cabin Drive, Interlochen, MI 49634
      View Details
    • $35,000

      Residential Lot in Interlochen, MI

      0.86 acre residential lot with utilities near Interlochen.
      #33 Old Cabin Drive, Interlochen, MI 49634
      View Details
    • $39,900

      Wooded Lot Near Interlochen

      Roomy wooded lot with utilities near Interlochen and Traverse City.
      #31 Old Cabin Drive, Interlochen, MI 49634
      View Details
    • $39,900

      Wooded Lot Near Interlochen

      Roomy wooded lot near Interlochen with utilities.
      #2 Old Cabin Drive, Interlochen, MI 49634
      View Details
    • $39,900

      Wooded Lot Near Interlochen

      Roomy wooded lot with utilities near Interlochen and Traverse City.
      #32 Old Cabin Drive, Interlochen, MI 49634
      View Details
    • $1,199,000
      6,132 SF

      Interlochen Motel Turnkey Opportunity

      Well-maintained motel near Interlochen Center for the Arts and lakes.
      2275 J Maddy Parkway, Interlochen, MI 49643
      View Details
    • $39,900

      Wooded Lot Near Interlochen

      Roomy wooded lot with utilities near Interlochen and Traverse City.
      #3 Old Cabin Drive, Interlochen, MI 49634
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.5 acre lot with mature pines near Honor Highway.
    Where is this residential land & home lot located?
    The property is located at HONOR HIGHWAY Interlochen, MI.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Level, easily buildable 2.5‑acre lot.; Abundant mature red pines offering privacy and natural beauty.; Access to essential utilities: Natural Gas, Electric, Wifi, and Cable TV.
    (231) 645-1150
    We can help!
    Listing Contact
    Joseph Schmidt
    Real Estate License ID: 6502132263
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    HONOR HIGHWAY, INTERLOCHEN, MI 49643

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!